U.S. judge in Texas strikes down Biden loan-forgiveness plan
A U.S. judge on Thursday blocked President Joe Biden’s plan to provide millions of borrowers with up to $20,000 apiece in federal student-loan forgiveness.
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AP source: US authorities investigate crypto exchange FTX
The swift collapse of cryptocurrency exchange FTX sent more shockwaves through the crypto world on Thursday, with authorities now investigating the firm for potential securities violations and analysts bracing for a further downturn in crypto prices.
U.S. consumer inflation eases to 7.7% over past 12 months
Helping drive the inflation slowdown from September to October were used car prices, which dropped for a fourth straight month. Also down were the prices of clothing and medical care.
Musk seeks to reassure advertisers on Twitter after chaos
The latest erratic move on the minds of major advertisers—that the company depends on for revenue—was Musk’s decision to abolish a new “official” label on high-profile Twitter accounts just hours after introducing it.
Cryptocurrencies plunge as Binance scraps deal for rival FTX
Bitcoin sank to a two-year low after Binance confirmed earlier rumors and news reports that it was ready to back out of the FTX deal, struck between the CEOs of the two exchanges on Tuesday.
Defying inflation worries, U.S. casinos have best quarter ever
Sixteen states reported quarterly highs in overall gambling revenue, including five of the six largest markets: Indiana, Michigan, Nevada, New York and Pennsylvania.
Kentucky, Michigan voters approve protecting abortion rights
The Tuesday ballot measures came months after the Supreme Court overturned Roe v. Wade and the constitutional right to abortion it guaranteed to women nationwide.
Colts’ hiring of Saturday chided on diversity, fairness grounds
Critics immediately went after Irsay for hiring an inexperienced former player. The hiring also didn’t sit well with the Fritz Pollard Alliance, which fights for equity and inclusion in pro football.
Supreme Court skeptical of rejecting civil rights precedent
The justices had been asked to use a case about an Indiana nursing home resident who claimed a violation of his rights to more broadly limit the right to sue.
Crypto exchange Binance to buy rival FTX in apparent bailout
The deal would make Binance, which is already the biggest cryptocurrency exchange by daily volume, an even more dominant player in the cryptocurrency industry.
Voters in 5 states decide whether to legalize recreational marijuana
Almost half of U.S. states could allow recreational use of marijuana after Tuesday’s elections.
Carvana shares fall as rising rates, inflation cut used car sales
Carvana had been growing quickly as used car prices soared after the pandemic. But it has been caught in an environment where rising interest rates and high prices have sent many potential used car buyers to the sidelines.
Colts turn to Jeff Saturday after Irsay saw ‘things go from bad to worse’
Saturday’s only coaching experience was a four-year stint as head coach at a Georgia high school. He’s served most recently as a team consultant and ESPN commentator.
UPDATE: Frank Reich fired by Colts; Jeff Saturday named interim coach
The ouster, during the coach’s fifth year with the team, comes after the Colts got off to a disappointing 3-5-1 start to the season.
Apple says iPhone supplies hurt by anti-virus curbs in China
Apple Inc. is warning customers they’ll have to wait longer to get its latest iPhone models after anti-virus restrictions were imposed on a contractor’s factory in central China.
Musk threatens to boot Twitter account impersonators
The platform’s new owner issued the warning after some celebrities changed their Twitter display names—not their account names—and tweeted as ‘Elon Musk.’
Christie Sides hired as Indiana Fever’s new coach
The former Fever assistant returns to Indiana after a one-year stint as an assistant with the Atlanta Dream.
It’s that time: Daylight saving time out, standard time in
The Senate in March passed a bipartisan bill, named the Sunshine Protection Act, to end the back and forth. The House has not acted on the measure.
Pfizer study says updated COVID boosters rev up protection
Pfizer said people 55 and older who got the omicron-targeting booster had four-fold higher antibody levels than those given an extra dose of the original vaccine.
Indiana GOP elections chief candidate faces fraud questions
Democrats alleged Diego Morales might have committed voter fraud, a claim that comes days ahead of Tuesday’s elections as Morales has emphasized “election integrity” in his campaign to become Indiana’s top elections official.